Chrysler Faces Criticism for Full-Page 'Thank You America' Ads

Chrysler is facing a backlash from taxpayers and conservative groups after the ailing auto company took out a series of full-page newspaper ads last week to thank Americans for "investing" in the company through the government's $17.4 billion auto industry...

read more...

GMAC Gets $6 Billion From Treasury to Revive Lending

Dec. 30 (Bloomberg) -- The U.S. Treasury committed $6 billion to support GMAC LLC, the financing arm of General Motors Corp., widening the government’s effort to keep the largest U.S. automaker out of bankruptcy. The Treasury will purchase a $5 billion...

read more...

Autoworkers Union Keeps $6 Million Golf Course for Members at $33 Million Lakeside Retreat

The United Auto Workers may be out of the hole now that President Bush has approved a $17 billion bailout of the U.S. auto industry, but the union isn't out of the bunker just yet.Even as the industry struggles with massive losses, the UAW brass continue...

read more...

Mum Is the Word From GM and Chrysler-What is Next?

Well the bailout drama is over for another week and there is no news coming from any of the Big Three. People have alot of questions and doubts,just about every plant for the Big Three are shut down. The big question is what plants will reopen and which...

read more...

GMAC mum on whether it cleared bailout hurdle

Kimberly S. Johnson / Associated PressGRAND BLANC -- Even after a crucial deadline came and went, the financing arm of General Motors Corp. remained silent Saturday on whether it cleared a final hurdle to become a bank holding company and gain access...

read more...

Toyota forecasts first operating loss as sales slump

Automotive News NAGOYA, Japan (Reuters) -- Toyota Motor Corp. forecast a first-ever annual operating loss, blaming a relentless sales slide and a crippling rise in the yen while declaring an emergency unprecedented in its 70-year history.The world's...

read more...

GM and Chrysler Will Get $13.4 Billion in U.S. Loans

Dec. 19 (Bloomberg) -- General Motors Corp. and Chrysler LLC will get $13.4 billion in initial government loans to keep operating in exchange for a restructuring under a rescue plan announced by President George W. Bush. A bankruptcy is unlikely to work...

read more...

Auto Rescue: Bush to Give Low-Interest Loans to Carmakers

The White House has decided to come to the rescue of General Motors and Chrysler by providing them with $17.4 billion in low-interest loans to keep them afloat, ABC News has learned.The money for the loans will come from the Troubled Asset Relief Program...

read more...

Gm Chrysler merger-This is the End Of The Road For Chrysler

GM Chrysler News reported this 2 months ago. The GM Chrysler Merger was and is a done deal! They just need some cash to buy out Daimler and then transfer the 49% of GMAC to Cerberus and GM will Get Chrysler's assets. I find it amusing all these supposedly...

read more...

Chrysler News-Chrysler to idle all plants!

Carmaker moves to conserve cash, tightens lending to dealersAlisa Priddle / The Detroit NewsChrysler LLC is shutting its North American production operations Friday for a month, the latest in a string of drastic cost-cutting measures it is making as...

read more...

Is the Auto Rescue Loans In Limbo?

WASHINGTON (AP) — Conservative Republicans admonished the White House Tuesday not to use bank-bailout billions to rescue distressed U.S. automakers, and a key Democrat demanded the government get veto power over the companies' business decisions as a...

read more...

Will George Bush Require GM and Chrysler To Go Into bankruptcy?

President Bush has said he would help GM and Chrysler with a auto Bridge loan, but what are the details? I have read every article on the Internet and there are a thousand different variations. Some are saying the loans will go through by tomorrow and...

read more...

Why Toyota wants GM to be saved

A GM failure would cause production problems, crush already weak demand and potentially open the door to low-cost competitors.NEW YORK (CNNMoney.com) -- Detroit's Big Three aren't the only automotive companies that want to see the government step in...

read more...

White House considers auto bailout options

WASHINGTON (AFP) — The White House said Monday it was studying options for a bailout of the US auto industry without indicating when an announcement would be made."We're reviewing automakers financial information, considering our policy options, and...

read more...

UAW says working to prevent "run" on GM, Chrysler

By David BaileyDETROIT (Reuters) - United Auto Workers President Ron Gettelfinger on Friday blamed Senate Republicans for the collapse of the auto bailout bill and said the union was ready to do its part to prevent creditors from forcing General Motors...

read more...

White House mulling TARP funds for automakers

Harry Stoffer Automotive News WASHINGTON -- The Bush administration, signaling a possible shift in policy, will consider using money set aside for the rescue of financial institutions to make emergency loans to automakers, the White House said this morning.The...

read more...

Chrysler purchasing boss Campi leaves

Robert Sherefkin and Bradford Wernle Automotive News DETROIT -- Chrysler LLC purchasing chief John Campi told suppliers this afternoon that today is his last official day on the job. He said he was leaving because of health reasons.Chrysler named Scott...

read more...

GM To Shut Down 20 Plants in the United States, Canada and Mexico.

General Motors Corp. said Friday it will temporarily close 20 factories across North America and make sweeping cuts to its vehicle production as it tries to adjust to dramatically weaker automobile demand.GM said it will cut 250,000 vehicles from its...

read more...

It's Detroit Against The World! Turn In Your Foreign Car or Be Boycotted!

Yes, now we know how little the rest of America cares for Detroit, Michigan and The America Auto Industry! We have been beat up time and time again by the US media and international media, but never did i think Americans of the South and West hated us...

read more...

Auto rescue's rejection riles Metro area

Detroit Regional Chamber, radio rally Metro residentsNathan Hurst and Christina Rogers / The Detroit NewsDETROIT --Michiganians already staggering under the weight of the nation's most beleaguered state economy banded together Friday morning in ire aimed...

read more...

Focus on White House in auto bailout saga

WASHINGTON, Dec 12 (Reuters-By Matt Spetalnick ) - The Bush administration said on Friday it could be willing to provide emergency aid to the teetering U.S. auto industry, keeping open the prospects for a bailout the day after Congress failed to approve...

read more...

Boycott Alabama Now-New website-Stop Senator Richard Shelby

Here is another New pro American website-Boycott Alabama Now-www.boycottalabamanow.comFrom Site:This site has been developed by a grassroots number of true Americans who have had enough with uninformed politicians who are not helping the domestic auto...

read more...

The Car Czar-GM Chrysler Merger-bankruptcy

Under the purposed deal the " Car Czar " will make all the decisions! The "car czar" will have the power to force U.S. automakers into bankruptcy! He will be incharge of distributing the $15Billion as he see's fit! He could also force the GM Chrysler...

read more...

Deal reached in principle on $15B auto bailout

Deal reached in principle on $15B auto bailoutBy JULIE HIRSCHFELD DAVIS and KEN THOMAS WASHINGTON (AP) — A government "car czar" with the power to force U.S. automakers into bankruptcy would dole out $15 billion in emergency loans to the failing industry...

read more...

Sen. Richard Shelby Is Protecting Foreign Automakers, Gives Huge Tax Breaks!

Senator Richard Shelby has been attacking the America Auto Industry and Trying to Stop the Bridge Loan. He has great reason to cripple the America Auto-industry, he has all the foreign automakers in his home state of Alabama. Like Mercedes-Benz, Toyota,...

read more...

U.S. Rescue May Give Government Stakes in GM, Ford and Chrysler

Dec. 9 (Bloomberg) -- The U.S. government may end up holding stakes in General Motors Corp., Ford Motor Co. and Chrysler LLC if Congress and the White House reach agreement on a financial bailout for the automakers. Under the proposed rescue, details...

read more...

Senator calls for Chrysler merger, new CEO at GM

Is A GM Chrysler Merger going to be part of the restructuring by March 2009?WASHINGTON – A key senator says the nation's car companies should have to replace top executives in exchange for a long-term bailout package from Congress.Sen. Chris Dodd heads...

read more...

Report: China automaker mulls buying Ford's Volvo

BEIJING (AP) - A Chinese partner of Ford Motor Co. is talking to the U.S. automaker about the possible purchase of its Volvo unit, a Chinese newspaper reported Tuesday. Changan Auto Co.'s president, Xu Liuping, talked with Ford executives about a possible...

read more...

Chrysler News-Chrysler Squashes Chery Deal

The Detroit automaker needs a cheap compact car from China, but it just doesn't have the cash.Chrysler will not be getting a small, cheap car from China, even though it could use one right now for its turnaround efforts. The Detroit automaker which is...

read more...

Calls for auto exec changes along with rescue!

WASHINGTON (Reuters) - The ailing U.S. auto industry needs changes at the top, an influential Democratic senator said on Monday as Congress and the White House work to complete a plan to save Detroit's Big Three and stem the deepening U.S. recession.Even...

read more...

Levin: Deal on GM, Chrysler loans possible within 24 hours

WASHINGTON – A compromise pact to provide at least $15 billion in loans to General Motors Corp. and Chrysler LLC could be unveiled within the next 24 hours, Michigan Sen. Carl Levin said today.The White House and congressional Democrats have been working...

read more...

Lawmakers and White House agree on auto aid plan

A Band-Aid Is Coming!WASHINGTON (Reuters) - Congressional Democrats and the White House have reached agreement on emergency aid for U.S. automakers of between $15 billion and $17 billion, two senior congressional aides said on Friday.The outline of the...

read more...

Bush acknowledges recession, automakers may not survive!

WASHINGTON – President George W. Bush publicly acknowledged for the first time Friday that the U.S. economy is in a recession and worried aloud that Detroit's Big Three automakers may not all survive their mounting troubles.Four days after the long-suspected...

read more...

US senators grill auto CEOs, GM-Chrysler deal eyed

US senators grill auto CEOs, GM-Chrysler deal eyed* GM-Chrysler merger talks could restart* Senior Democrats urge Bush to act using financial fund* CEOs to appear before House committee Friday* Fed to write Dodd about emergency loan power - source* GM shares end down 16 pct, Ford closes 6.7 pct lowerBy John Crawley and Kevin DrawbaughWASHINGTON, Dec...

read more...

The Engine Of Democracy-Politician Contact Links

The Engine Of Democracy-Contact your State Reps and Senators! Save The American Auto Industry and America's industrial base!Here is the Politicians contact links from the website www.theengineofdemocracy.comThe House and Senate websites offer helpful...

read more...

Automakers take Hill at 10 a.m. for showdown

Ken Thomas / Associated PressWASHINGTON -- U.S. automakers are returning to Congress for high-stakes hearings they hope will persuade skeptical lawmakers to save their troubled industry with $34 billion in emergency aid, but a top Senate Democrat wants...

read more...

Chrysler News-Chrysler Proposes Joint Venture to Improve Energy Technology

By MONICA LANGLEY/WSJWASHINGTON -- Chrysler LLC's plan for a government rescue includes a proposal that the auto makers and federal government establish "an independent joint venture" to develop improved energy technology, such as batteries for electric...

read more...

UAW Auto Workers To Hold Emergency Meeting

Auto Workers To Hold Emergency Meeting In Detroit To Help Big 3 Get Government Loans(CBS/AP) Local United Auto Workers leaders from across the U.S. will hold an emergency meeting in Detroit on Wednesday to discuss concessions the union could make to...

read more...

Join The Engine Of Democracy

The Engine Of Democracy website is up! Stop by and show your support for the American Auto Industry. You can get all the information you need to contact every appointed Government Official!Join the Engine of Democracy: Urge Congress to Support Financial...

read more...

UAW considers reopening contracts

Union summons leaders to Detroit as firms give survival plans to Congress today.David Shepardson / Detroit News Washington BureauWASHINGTON -- As Detroit's Big Three are poised to present their business plans to Congress today justifying quick approval...

read more...